ACCT212 Course Project Discussions Week 1

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ACCT212 Course Project Discussions Week 1
In this graded discussion, we will be examining the operation of the Accounting Information System (AIS)…

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ACCT212 Course Project Discussions Week 1

ACCT212 Course Project Discussions Week 1

All students Posts – 40 Pages 

In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of Course Project. Let’s start with Exercise 1-17A. Read about CoffeeShop Doughnuts and select one of the four requirements to answer.

The accounting equation, also known as the balance sheet equation, is written as Assets = Liabilities + Equity and underpins the balance sheet’s foundation. The accounting equation is the foundation of double entry accounting, and displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. The balance sheet is a complex display of this equation, showing that the total assets of a company are equal to the total of liabilities and shareholder equity, or said differently, all uses of capital (assets) are equal to all sources capital (debt: liabilities and equity: shareholders’ equity)…